By  on October 26, 2011

The Jones Group Inc.’s third-quarter profits rose 42.4 percent, boosted in part by its $350 million acquisition of U.K. footwear brand Kurt Geiger in June.

For the three months ended Oct. 1, income attributable to Jones was $41 million, or 49 cents a diluted share, versus $29.1 million, or 34 cents, a year ago. After adjusting for restructuring charges and other items, earnings per share slipped to 48 cents from 54 cents. That’s still 3 cents ahead of Wall Street’s expectations of 45 cents.

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